After Usain Bolt won his last gold medal, in the 100m relay on Saturday where the Jamaican team set a world record, he spoke of why tax laws are stopping him coming to run in Britain.
Glyn Bunting, a partner at Deloitte, explained that was due to athletes having to pay tax in the UK on a proportion of their sponsorship and endorsement earnings.
He said Bolt was invited to an athletics event with a £100,000 fee, but his management worked out that by the time they had allocated his sponsorship and endorsement income to the UK, "his tax liability in the UK would exceed his appearance fee".
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